Enterprise Singapore (EnterpriseSG), Singapore Economic Development Board (EDB) and Nanyang Technological University, Singapore (NTU Singapore) launched the Carbon Markets Academy of Singapore (CMAS) today. The CMAS will train and upskill 300 professionals by 2027 to support the growth of Singapore’s carbon services and trading sector. This was announced by Deputy Prime Minister Gan Kim Yong at the Financial Times Commodities Asia Summit 2024.
The CMAS will partner EnterpriseSG, EDB, various research centres and institutes within NTU and industry partners to develop Continuing Education and Training (CET) and postgraduate programmes to equip professionals with capabilities to take on new and emerging roles in carbon markets. These include roles in carbon trading and related services such as carbon project development, monitoring reporting and verification (MRV), and environmental, social and governance (ESG) assurance and certification.
EnterpriseSG and EDB will continue to work closely with NTU to ensure that programmes offered by the CMAS can bridge demand gaps in the carbon services and trading sector. The agencies will also provide industry expertise and business networks to support the CMAS’ research and outreach activities.
The CMAS’ first programme, the Executive Certificate in Carbon Markets, will be jointly delivered by NTU’s Nanyang Business School (NBS) and Asian School of Environment (ASE). The programme is open for enrolment and its first intake will commence in January 2025. More information on the programmes offered by the CMAS is included in the Annex and at https://www.ntu.edu.sg/business/CMAS. It will also progressively roll out more advanced training courses and curriculum for professionals to develop deeper specialisation in areas such as carbon credit project development and carbon financing.
Beyond developing a strong talent pipeline, the CMAS will also serve as a thought leadership platform to promote the exchange of insights among academics, industry practitioners and policymakers in the region. For instance, it will work with industry partners to develop Asia-focused research and real-world case studies. In addition to its incorporation into CMAS’ curriculum, the insights and learnings from these case studies can be used to shape the carbon management strategies of governments and businesses in the region.
